(FYLD) Cambria Foreign Shareholder - Ratings and Ratios

The Cambria Foreign Shareholder Yield ETF (BATS: FYLD) is an actively managed fund that allocates at least 80 % of its assets to equity securities-common stock and depositary receipts-of publicly listed companies in developed markets outside the United States. Cambria defines “shareholder yield” as the sum of cash returned to shareholders via dividends, share repurchases, and debt repayments, and the fund targets firms that rank highly on this metric.

Key quantitative points (as of the latest filing):
• Expense ratio ≈ 0.45 % (above the average for passive foreign small-mid value ETFs, which is ~0.30 %).
• 12-month trailing dividend yield ≈ 4.2 %, reflecting the fund’s focus on cash-rich issuers.
• Top sector exposures are Financials (~30 %) and Consumer Discretionary (~20 %), both of which tend to have higher buyback activity in a low-interest-rate environment.

Macro-level drivers that materially affect FYLD’s performance include:
1. **Foreign exchange risk** – a strengthening U.S. dollar erodes the USD value of foreign cash dividends and buybacks.
2. **Global earnings growth** – the fund’s ex-U.S. bias makes it sensitive to GDP growth differentials between the U.S. and developed markets (e.g., Europe and Japan).
3. **Interest-rate outlook** – lower rates generally encourage companies to fund buybacks rather than retain cash, boosting shareholder yield, whereas rising rates can reverse this trend.

For a deeper, data-driven look at how ValueRay’s screening criteria compare with FYLD’s holdings, you might explore the platform’s detailed analytics section.